How should I handle franchise resales?
Looking to buy or sell an existing franchise? How to handle franchise resales without getting overwhelmed is key. This straightforward guide will take you through the critical steps of due diligence, valuation, and legal considerations to assure a seamless transition and a profitable deal. Get ready for actionable advice that demystifies the resale process and […]
The Importance of the Cross-Default Clause in a Franchise Agreement
If you’re involved in a franchise agreement, understanding the cross default clause is pivotal. This clause dictates what happens if a party falls short in one contract, affecting other related contracts. It’s a defense mechanism designed to protect the entire franchise’s contractual ecosystem from potential fallout. By grasping “the importance of cross default clause in […]
What is the Difference between a License and a Franchise?
Are you weighing the options between obtaining a license and starting a franchise? Directly speaking, “what is the difference between a license and a franchise?” A license allows you to use someone’s intellectual property, providing a degree of independence, while a franchise offers you an established business model and brand, with more defined operational guidelines […]